Gulf EnergyNews · 2026-02-06 00:00

GULF secured 60 billion baht (approximately $1.9 billion) in loans for 27 renewable energy projects with a total contracted capacity of 939 MW.

Gulf Energy Development (GULF) successfully secured 60 billion baht in financing for 27 renewable energy projects, including solar, solar-plus-storage, and industrial waste-to-energy facilities, totaling 939 MW.

This significant funding supports GULF's net-zero emissions target by 2050 and promotes Thailand's sustainable energy transition through clean energy and circular economy initiatives.

Fast Facts

·Loan amount: 60 billion THB (approx. 1.9 billion USD)
·Total projects: 27
·Total contracted capacity: 939 MW
·Project types: Solar, Solar+Storage, Industrial Waste-to-Energy
·Solar/Solar+Storage capacity: 843 MW (15 projects)
·Industrial Waste-to-Energy capacity: 96 MW (12 projects)
·Solar/Solar+Storage COD: 2024-2026
·Waste-to-Energy COD: 2027
·GULF Net Zero target: 2050

Power Generation

Solar

Bioenergy

People Mentioned

Sarath Ratanavadi

Chief Executive Officer at Gulf Energy Development

Aaron Batten

Country Director for Thailand at Asian Development Bank (ADB)

Kris Chantanotoke

Chief Executive Officer at Siam Commercial Bank

Source

GULF secured 60 billion baht (approximately $1.9 billion) in loans for 27 renewable energy projects with a total contracted capacity of 939 MW.